How to Stake ZKsync (ZK)

Introduction

Staking ZKsync can be an excellent choice for those looking to hold ZK while earning APY in a secure manner and supporting the network. The process might seem a bit overwhelming, particularly if you're doing it for the first time. That's why we've created this guide specifically for you.

Step-by-Step Guide for Ugandan Investors

1. 1. Acquire ZKsync (ZK) Tokens

   To stake ZKsync, you first need to acquire it. To obtain ZKsync, you will have to buy it. You can select from these well-known exchanges available in Uganda.

   E-platform	Coin	Cost
   BTSE	ZKsync (ZK)	0.06 APY
   Coinbase	ZKsync (ZK)	0.06 APY
   Kraken	ZKsync (ZK)	0.06 APY
   OKX	ZKsync (ZK)	0.06 APY
   Bake	ZKsync (ZK)	0.06 APY
   BingX	ZKsync (ZK)	0.06 APY

   See all 41 prices in Uganda

2. 2. Select a ZKsync Wallet

   Once you have ZK, you'll need to select a ZKsync wallet to securely store your tokens. Here are some reliable options to consider.

   E-platform	Coin	Staking rewards in Uganda
   Bitmart	ZKsync (ZK)	Up to 1% APY

3. 3. Delegate Your ZK

   We recommend using a staking pool when staking ZK. It's simpler and quicker to get started. A staking pool is a collective of validators who combine their ZK, which increases their chances of validating transactions and earning rewards. You can manage this through your wallet's interface.

4. 4. Start Validating

   You'll need to wait for your deposit to be confirmed by your wallet. Once it's confirmed, you'll automatically validate transactions on the ZKsync network. You'll be rewarded with ZK for these validations.

What to Keep in Mind

There are transaction and staking pool fees you need to keep in mind. Additionally, there may be a waiting period before you begin earning rewards. The staking pool will need to generate blocks, which can take a bit of time.